After a weak shopping season, Americans bounce back in the new year despite inflation

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Written By Jennifer Joslyn

🛍️ After a weak shopping season, Americans bounce back in the new year despite inflation.

Overall, while rising inflation and interest rates can put pressure on consumer spending, other factors such as consumer confidence, supply chain disruptions, shifts in spending patterns, and sector-specific factors can contribute to a jump in retail sales. However, it is important to note that the impact of inflation and interest rate hikes on consumer spending can vary depending on the specific economic conditions and circumstances. Not all sectors of the retail industry may be affected in the same way by inflation and interest rate hikes. For example, luxury goods retailers may not be as affected by rising interest rates as retailers selling lower-priced goods.

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Jennifer Joslyn
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